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Home Uncategorized An overview of Hampton Roads

An overview of Hampton Roads

Published September 28, 2020 by Virginia Business

Hampton Roads is Virginia’s second most populated region, with nearly 1.8 million residents in 17 localities, including Virginia Beach — the state’s largest city by population with about 450,000 residents. More than 120,000 active-duty and reserve members of the military, as well as civilian personnel, work at nine installations representing five branches. The Port of Virginia is the third-largest container port on the East Coast, with 14.1% of its market share. The region also has 11 community colleges and four-year colleges and universities, as well as a major tourism industry in recovery from the coronavirus pandemic.

Median household income: $64,648

Unemployment rate: 3.1%

Labor force participation rate: 64.4%

Average commute time: 24.4 minutes

Civilian labor force: 860,106

Population: 77 million

Population 20-24: 23%

Male vs. female ratio: 49% to 51%

Median age: 37.1

Population with a bachelor’s degree or higher: 32.8%

Source: U.S. Census Bureau, 2019 population estimates
Source: U.S. Census Bureau, 2019 population estimates

Sources:

1. U.S. Census Bureau, 2019 estimate of the resident population

2. U.S. Bureau of Labor Statistics, 2019 annual average, seasonally adjusted

3. Esri Business Analyst Online

Note: Population figure includes Hampton Roads MSA, including Currituck and Gates counties in North Carolina.

 

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